- The agreement formalizes the financing of the water infrastructure framework.
- Key facilities for waste water treatment must be built during the project.
- Signing of the declaration underlines the momentum in Pak-EU cooperation.
Pakistan and the European Investment Bank (EIB) on Wednesday signed a €60 million declaration to advance a major project aimed at improving sewage and sewage management in Karachi.
The declaration was signed on the sidelines of the 15th Pakistan-European Union Joint Commission held in Brussels from 15-17 December, by the Secretary of the Ministry of Economy Muhammad Humair Karim and the European Investment Bank (EIB) Head of Department (Asia Pacific) Edvardas Bumsteinas.
The signing ceremony was attended by the European Commission’s Deputy Director-General for International Partnerships Myriam Ferran, Pakistan’s Ambassador to the European Union Rahim Hayat Qureshi, Head of the EU Delegation to Pakistan Raimundas Karoblis, and the Acting Executive Director of the European External Action Service (EEAS) Paola Pampaloni.
The agreement formalized EIB financing for the Karachi Water Infrastructure Framework project that will support the rehabilitation and construction of key water treatment facilities in Karachi.
With an EIB financing package of approx. €60 million, this initiative is set to significantly expand safe water supply and improve water security for Karachi’s rapidly growing population.
The project reflects Pakistan’s commitment to modernize essential urban services and promote climate-resilient infrastructure in one of the country’s largest metropolitan areas.
Speaking at the signing, Karim welcomed the EIB’s increased engagement in Pakistan and stressed the importance of deepening cooperation with European partners to address critical development and infrastructure needs.
He expressed appreciation for the EIB’s growing footprint in Pakistan and expressed Pakistan’s interest in expanding the pipeline of EIB-supported projects in priority sectors.
The signing demonstrates the continued momentum of Pakistan-EU cooperation and highlights shared priorities in sustainable development, public service delivery and climate and environmental resilience.
